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  • 18-02-20

    Libya: loss of over USD1.6 billion after suspension of oil exports

    (MENAFN) The suspension of oil exports over shutting oil fields and ports has made a loss of over USD1.6 billion until now, according to Libya's National Oil Corporation (NOC).


    As said in a statement by the NOC, "National Oil Corporation (NOC) confirms a drop in production as a result of the blockade of ports and pipelines to the current level of 135,745 barrels per day, as of Monday February 17, 2020, with losses exceeding 1 billion USD at 1,616,886,132 USD".


    The statement added, "NOC renews its call for all blockades to be lifted to allow the corporation to resume production immediately, for the sake of Libya and its people".

    MENAFN1802202000450000ID1099719736

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